Brooklyn-based Fillmore Real Estate has won the bidding for Foxtons’ sale of 1,400 home listings in the New York metro area for $110,000, plus fees and commissions, after Foxtons declared bankruptcy earlier this month. The homes are located mostly in the outer boroughs and Westchester. Fillmore CEO John Reinhardt also said he recently recruited 15 Foxtons agents to his company, prior to the bidding, and plans to hire on another 25 in the near future. Reinhardt said he plans to keep commissions on the former Foxtons listings at the original 4 percent, but bring some of them up to the industry standard 6 percent. Foxtons, which filed for Chapter 11 bankruptcy on Oct 5th, recently agreed to sell its New Jersey listings to a joint venture of Century 21 Atlantic Realty and Maplewood Homebuilders. TRD
